Tell me you didn't read the article without tellinge you didn't read the article.
After rallying in three straight weeks and in five of the past six weeks, Amazon shares are under pressure for a second day, off 1.2% at $114.82 at last check.
If we get a pullback into the $112 to $114 area, active bulls ought to pay attention.
A dip to this area would retest the first-quarter high ($114), as well as the rising 10-day moving average and uptrend support (blue line).
And the rest of the article beyond that talks about it more. Do you know what a dip is?
I do, and a minor pullback is not a dip. Do you know what a dip is?
A dip is a dip. A $2 drop is a proper dip. Call it whatever you want. If I was jewish and invested in jewish companies I would easily buy in and sell at 114-115. Easy fast profits with minimal risk.
Sounds good. My idea of a proper dip is not quite the same. But profit is profit, to each his own.
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